b'Servicing Loans During the COVID-19 Outbreak:What Private Lenders Can and Cannot Do!byT. Robert Finlay, Esq.Wright, Finlay & Zak, LLPbyMichelle A. Mierzwa, Esq.Wright, Finlay & Zak, LLPor those of you who have been receiving our firms daily COVID-19 updates, you know that there are new orders, rules and regulations coming out seemingly by the hour!Keeping track of all the information can feel mind-numbing and, then putting it into practice, can almost seem impossible. The purpose of this article is to take much of the information floating around and answer some of a private loan servicers core questions: Can we keep our doors open, charge late charges or default interest, initiate foreclosure, record a NOS, go to sale, evict the occupants post-foreclosure, etc.?A few important notes to keep in mindthe information provided below before proceeding: is ever-changing.Before taking any of the actions discussed below, 1.Please keep in mind that newplease reach out directly to our federal, state and local regulationsoffice or discuss with your own are in the works.In fact, there iscounsel.currently a bill pending with the California Legislature that would2.The below analysis is intended for bar all foreclosures and evictionsprivate lenders.Different rules during the remaining period ofapply to loans owned or insured any statewide or local state of emergency declaration.As a result,continued on page 8Points of InterestSpring 2020Page 7'